• Fraud and corruption - the easy option for growth?

    Businesses are facing complex market challenges and significant pressure to grow, but our report shows that good compliance and growth can go hand in hand.

  • Reporting magazine identifies the auditor of the future

    Big data, integrated reporting and new demands for audit committee are reshaping the reporting landscape. Read more in our Reporting magazine.

  • Connected reporting

    As the pace of the regulatory environment increases, companies face a challenging reporting environment. We explore these challenges and methods to overcome them.

  • Audit Committee Bulletin: October 2014

    Economic, regulatory and political forces continue to affect the risk management, financial reporting and governance of European businesses. We explore some of the top issues.

  • Reporting: Issue 8

    In this issue, we explore ways of measuring and evaluating the value of a sponsorship deal. We also highlight some of the key reporting and governance issues facing companies today.

  • Promote board diversity to accelerate performance

    Boards need to understand the value in diversity and act now. We explore the topic and provide an action list for board chairs.

  • Reinforcing the commitment to ethical growth

    Our latest fraud survey reveals a concerning level of global fraud bribery and corruption with boards struggling to respond to existing and emerging risk.

  • Reporting: big data, beyond financials

    Learn why investors are placing increasing importance on non-financial indicators, how big data can improve business performance and more in this issue of Reporting magazine.

  • Mining big data to mitigate corruption risk

    Advanced forensic data analytics tools can help companies manage the risks of fraud and corruption. Learn how in our Global Forensic Data Analytics Survey.

Assurance Services

Meeting today’s auditing, financial and reporting challenges

The global business landscape is being reshaped by transformational events and trends. And that means the financial and reporting environment is also being reshaped, resulting in significant challenges for management, boards, audit committees and auditors.

We can help you understand and address today's most critical financial and reporting issues.


  • Accounting change

    Sweeping changes to accounting standards are coming — are you ready?

    You operate in an increasingly uncertain business environment, complicated by the unprecedented range of potential changes to accounting standards. In this environment, management and audit committees are asking what they should be doing today to ready themselves for such significant change.

    The IASB and FASB have undertaken a number of ambitious standard-setting projects to improve both IFRS and US generally accepted accounting principles as well as to work to achieve convergence. These new standards, when issued, are expected to significantly alter accounting treatments and disclosures in several critical areas, including financial instruments, leases and revenue recognition. The number of standards being revised is significant, but of greater importance is how the accounting for common transactions will change as a result of these standards.

  • Fraud

    Fraud, bribery and corruption continue to expose companies to heightened financial, regulatory and reputational risk

    Our European fraud survey 2011 reveals a widespread tolerance of unethical behavior that goes to the very top of a business. The results indicate that bribery and corruption is perceived as being widespread across Europe, while few individuals are willing to recognize that it could happen in their own industry sectors. Despite this, respondents to our survey reported that corporate bodies tend to scale down their anti-fraud and anti-bribery efforts precisely in periods when the incentives to act unethically are at their highest.
     
    There is clearly a real need for companies and those charged with their governance and oversight to return their focus to combating fraud, bribery and corruption and implement more robust anti-fraud and anti-corruption efforts. How do you tackle this issue?

  • Corporate governance

    Increasing transparency, improving control

    Increasing transparency, improving control
     
    Pressure from stakeholders and investors, not to mention intense public scrutiny, is placing growing demands on transparency. People want accurate, reliable information about companies, their activities, clients and markets. And they expect to be informed of risks. At the same time, regulators are moving to exert more control.
     
    There is currently much debate about how corporate governance should evolve. It’s a debate that’s being held against a background of legislative and regulatory change, the implementation of International Financial Reporting Standards and increased public scrutiny. We believe that global coordination is a necessity, not a luxury, in today’s interconnected and interdependent markets. Regulators and standard-setters need to continue to work together to promote global convergence efforts.

  • Sustainability reporting

    A growing trend toward disclosure of non-financial information

    An increasing number of organizations are choosing to issue sustainability reports to supplement their financial reporting.  This verifiable data helps internal and external stakeholders understand how well the organization adheres to the “triple bottom line” of environmental, social and economic performance. Opting in promotes transparency and confidence. Do you know what makes for successful sustainability reporting?

    Seven things you should know about sustainability reporting

    1. The high number of companies issuing sustainability reports shows that this is a real trend, and not just a fad.
    2. Whether employees and customers or financial market participants, relevant stakeholders increasingly expect companies to provide sustainability reports. It seems increasingly likely that sustainability reporting will be required by law for certain key topics.
    3. Sustainability reports can bring operational improvements, strengthen compliance and enhance corporate reputation.
    4. Reports should be complete and contain key performance indicators (KPIs) that are relevant to the reporter's industry.
    5. Sustainability reports are examined critically.
    6. Sustainability reporting presents many challenges, including:
      • Data consistency
      • Striking a balance between positive and negative information
      • Continually improving performanc
      • Keeping reports readable and concise
    7. Sustainability reports can be a valuable communications tool. They can help with cutting costs, efficiency, achieving business imperatives and accountability.
    Visit our global Climate Change and Sustainability Services site.


Connect with us

Stay connected with us through social media, email alerts or webcasts. Or download our EY Insights app for mobile devices.

EY RHF Advanced Closing Benchmarking 2014

Swiss Survey: Advanced Closing 2014 

Swiss companies are closing their accounts always earlier. At the same time they need to optimize their processes and save money. Read the results of our survey.

 

EY - Reporting Magazine: Issue 7

Reporting: big data, beyond financials

Learn why investors are placing increasing importance on non-financial indicators, how big data can improve business performance and more in this issue of Reporting magazine.

 

US GAAP and IFRS convergence

IFRS implementation continues worldwide

Visit ey.com/ifrs to keep up with IFRS developments, including US/IFRS convergence activities.